Ripple CEO Brad Garlinghouse announced via X that Ripple has submitted a national bank charter application to the OCC (, claiming that once approved, Ripple will adhere to both New York State Department of Financial Services and federal level regulation, setting a "new and unique benchmark" for the stablecoin market. (Background: Ripple's five-year lawsuit finally concluded! Agreed to pay $125 million fine confirming XRP is not a security, and SEC will not appeal) (Additional background: Ripple's "XRPL EVM yan zincirler" mainnet is officially online, what's special about paying Gas fees with XRP?) On July 2nd, Eastern Time, The Wall Street Journal reported that Ripple has submitted a national bank charter application to the OCC ). Subsequently, CEO Brad Garlinghouse confirmed this via X, stating that once approved, Ripple will be subject to both New York State Department of Financial Services and federal oversight, setting a "new and unique benchmark" for the stablecoin market: Ripple is applying for a national bank charter from the OCC, true to our long-standing compliance philosophy. If approved, we will have both state (via New York State Department of Financial Services) and federal oversight, which will establish a new (and unique!) benchmark for trust in the stablecoin market. Earlier in the week via… — Brad Garlinghouse (@bgarlinghouse) July 2, 2025. Additionally, Brad Garlinghouse further stated that Ripple hopes to place its stablecoin RLUSD directly under the federal regulatory framework, thus bypassing the state remittance license process while maintaining control over reserve assets. At the same time, the company’s subsidiary Standard Custody has also applied for a Master Account from the Federal Rezerv (FED) (, which, if successful, would allow RLUSD reserves to be held in the central bank system, providing greater flexibility in digital asset settlements. Earlier this week, through @StandardCustody, we also applied for a Master Account with the Federal Rezerv (FED). While Congress is committed to establishing clear rules and regulations, banks are actively participating, and this account will enable us to hold $RLUSD reserves directly with the Federal Rezerv (FED), providing additional security for trust in RLUSD and ensuring its future reliability. Circle leads the way, Anchorage Digital remains the only licensed entity. Notably, just two days before Ripple's move, USDC issuer Circle also confirmed the submission of documents aiming to establish First National Digital Currency Bank, N.A., to provide self-management of USDC reserves and institutional-grade custody services. However, Ripple's application is for a traditional national bank charter, covering deposits and lending, while Circle is pursuing a national trust bank route, with differing positioning. At this stage, Anchorage Digital remains the only digital asset company to obtain a national trust bank charter. Regarding this phenomenon, market analysis generally believes that stablecoin issuers' active "banking" is closely related to the Senate's passage of the GEN law. This law requires issuing entities to have qualified institutional status, sufficient reserves, and strict capital and liquidity standards. Trump has also expressed hope that the bill will pass through the House of Representatives and be signed as soon as possible. Related reports. XRP reserves, China's commuter company Webus receives Ripple Strategy "$100 million credit" to All in Ripple, WETO stock price jumps 87%. The first "2x XRP leverage" fund launched in the US, analysts: Approval of Ripple's spot ETF is just a matter of time. Ripple settles with SEC "recovers $75 million fine", experts: Indicates XRP spot ETF will be approved. <Ripple applies for a "US bank charter", CEO: Once approved, $RLUSD will become the new standard for stablecoins> This article was first published in BlockTempo "Blockchain news media with the most influence".
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XRP Ripple, "Amerikan banka lisansı" başvurusu yaptı, CEO: Onaylandıktan sonra $RLUSD, stabilcoin yeni standartı olacak.
Ripple CEO Brad Garlinghouse announced via X that Ripple has submitted a national bank charter application to the OCC (, claiming that once approved, Ripple will adhere to both New York State Department of Financial Services and federal level regulation, setting a "new and unique benchmark" for the stablecoin market. (Background: Ripple's five-year lawsuit finally concluded! Agreed to pay $125 million fine confirming XRP is not a security, and SEC will not appeal) (Additional background: Ripple's "XRPL EVM yan zincirler" mainnet is officially online, what's special about paying Gas fees with XRP?) On July 2nd, Eastern Time, The Wall Street Journal reported that Ripple has submitted a national bank charter application to the OCC ). Subsequently, CEO Brad Garlinghouse confirmed this via X, stating that once approved, Ripple will be subject to both New York State Department of Financial Services and federal oversight, setting a "new and unique benchmark" for the stablecoin market: Ripple is applying for a national bank charter from the OCC, true to our long-standing compliance philosophy. If approved, we will have both state (via New York State Department of Financial Services) and federal oversight, which will establish a new (and unique!) benchmark for trust in the stablecoin market. Earlier in the week via… — Brad Garlinghouse (@bgarlinghouse) July 2, 2025. Additionally, Brad Garlinghouse further stated that Ripple hopes to place its stablecoin RLUSD directly under the federal regulatory framework, thus bypassing the state remittance license process while maintaining control over reserve assets. At the same time, the company’s subsidiary Standard Custody has also applied for a Master Account from the Federal Rezerv (FED) (, which, if successful, would allow RLUSD reserves to be held in the central bank system, providing greater flexibility in digital asset settlements. Earlier this week, through @StandardCustody, we also applied for a Master Account with the Federal Rezerv (FED). While Congress is committed to establishing clear rules and regulations, banks are actively participating, and this account will enable us to hold $RLUSD reserves directly with the Federal Rezerv (FED), providing additional security for trust in RLUSD and ensuring its future reliability. Circle leads the way, Anchorage Digital remains the only licensed entity. Notably, just two days before Ripple's move, USDC issuer Circle also confirmed the submission of documents aiming to establish First National Digital Currency Bank, N.A., to provide self-management of USDC reserves and institutional-grade custody services. However, Ripple's application is for a traditional national bank charter, covering deposits and lending, while Circle is pursuing a national trust bank route, with differing positioning. At this stage, Anchorage Digital remains the only digital asset company to obtain a national trust bank charter. Regarding this phenomenon, market analysis generally believes that stablecoin issuers' active "banking" is closely related to the Senate's passage of the GEN law. This law requires issuing entities to have qualified institutional status, sufficient reserves, and strict capital and liquidity standards. Trump has also expressed hope that the bill will pass through the House of Representatives and be signed as soon as possible. Related reports. XRP reserves, China's commuter company Webus receives Ripple Strategy "$100 million credit" to All in Ripple, WETO stock price jumps 87%. The first "2x XRP leverage" fund launched in the US, analysts: Approval of Ripple's spot ETF is just a matter of time. Ripple settles with SEC "recovers $75 million fine", experts: Indicates XRP spot ETF will be approved. <Ripple applies for a "US bank charter", CEO: Once approved, $RLUSD will become the new standard for stablecoins> This article was first published in BlockTempo "Blockchain news media with the most influence".